Former Celsius CEO Alex Mashinsky is attempting to postpone his sentencing by one month, citing the need for additional time to review the government’s submissions for accuracy. His legal team has requested that his sentencing be moved from April 8 to May 8, 2025.
Why Mashinsky Wants a Delay
According to a letter from Mashinsky’s legal counsel, the defense argues:
- The case’s factual complexity requires more time to assess the government’s offense submission.
- Mashinsky’s multiple legal obligations make the current timeline untenable.
- An additional 30 days would allow for a more thorough sentencing submission, ensuring the court receives accurate information.
The defense also assured the court that, barring unforeseen emergencies, no further delays would be requested beyond May 8, 2025.
Government’s Objection
- The prosecution has opposed the request, calling it “premature”.
- The Probation Office’s report deadlines could also be delayed if the request is granted.
Mashinsky’s Legal Troubles
- He was arrested in July 2024 and pleaded guilty to two counts of fraud in December 2024.
- His plea deal prevents him from appealing any sentence of 30 years or less.
- He previously used Celsius to promote Strong blockchain, a project that ultimately failed.
What’s Next?
The court will decide whether to approve the sentencing delay in the coming weeks. If denied, Mashinsky will be sentenced on April 8, 2025 as scheduled.
While Mashinsky’s legal team claims this delay is about accuracy, it could also be a tactic to negotiate a more favorable sentencing outcome. By extending the timeline, he may be hoping to gather mitigating evidence or secure better conditions before sentencing.